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07-19-2005, 03:13 PM
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foreclosure set for thursday/ questions
hi, i have waited too long and the sale date on my home is in 2 days. i live in tenn where they have defiency laws. how likely is it that my lender(fannie mae) will make a judgement against me after they sell the home?, thanks, very stressed out chris.
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07-19-2005, 03:21 PM
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Judgment
If your house sells for less than what is owed than I would guess that you will be sued for the deficiency amount. Lenders aren't known for letting people off easily. They are there to make money and if they let you slide then they would be losing money.
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